By Oliver Gray
Investing.com - U.S. stock futures were trading higher in early APAC deals on Thursday, after major benchmark averages finished Wednesday's session in the green as Federal Reserve policymakers signaled an accelerated unwinding of monthly bond purchases amid sustained inflation pressures, paving the way for multiple rate hikes next year.
The Dow Jones Industrial Average added 383.25 points, or 1.08%, to close at 35,927.44, the S&P 500 rose 75.74 points or 1.63% to 4,709.84, while the Nasdaq Composite jumped 327.94 points or 2.15% to 15,565.58.
Dow Jones 30 Futures added 0.18%, S&P 500 Futures gained 0.22% and Nasdaq 100 Futures were up 0.28%.
Among stocks, major technology names saw a boost during regular trade, with Amazon.com Inc (NASDAQ:AMZN) up 2.5%, Microsoft Corporation (NASDAQ:MSFT) adding 1.92%, Meta Platforms Inc (NASDAQ:FB) up 2.37%, Apple Inc (NASDAQ:AAPL) lifting 2.85%, Alphabet Inc (NASDAQ:GOOGL) up 1.76%, Adobe Systems Incorporated (NASDAQ:ADBE) adding 2.52% and NVIDIA Corporation (NASDAQ:NVDA) surging 7.49%.
Electric vehicle stocks closed mixed with Tesla Inc (NASDAQ:TSLA) up 1.82%, Rivian Automotive Inc (NASDAQ:RIVN) down 1.83% and Lucid Group Inc (NASDAQ:LCID) down 0.15%.
On the bond markets, United States 10-Year yields were at 1.458%.
Among data, U.S. retail sales rose 0.3% in November easing from a 1.8% gain in the previous month and coming in well below market expectations of 0.8% as domestic demand slowed amid rising prices.